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Cloud Centric Systems, Inc Confirms the Return of an Additional 550m Common Shares to the Treasury

The Authorized Share Capital Figure is on Track to be Reduced by the End of January

LONDON, Jan 27, 2011 (GlobeNewswire via COMTEX) -- Cloud Centric Systems, Inc (Pink Sheets:CLDR) announces today that the program to increase shareholder value continues on track with the Officers confirming that, to date, 1.1bn has now been retired to the treasury, leaving only 250m shares yet to be approved for return.

"Today we can announce that another 550,000,000 shares have completed the process and have been retired to the treasury." Stated David Lovatt, CEO of Cloud Centric Systems, Inc. "we have a short while to go before all the officer's share certificates clear the process and I expect all to have cleared the process over the coming days" continued Lovatt.

Cloud Centric Systems, Inc. recently announced three new partners have been signed up by Paul Preston, Business Development Director over the past month, putting the company well on track to meet its Aggressive Revenue Growth Strategy Target of doubling the revenue quarter on quarter.

About Cloud Centric Systems:

Cloud Centric Systems specializes in cloud based technologies that use the Internet to deliver business critical applications via a global network of partners. Cloud Centric Systems plans to grow via strategic acquisition over the coming 12 months as well as strong sales through its subsidiaries, Cloud Centric Systems (UK) ltd and VizualMobile Ltd.

For more information, please visit www.cloudcentricsystems.com

http://www.streetinsider.com/Press+Releases/Cloud+Centric+Systems,+Inc+Confirms+the+Return+of+an+Additional+550m+Common+Shares+to+the+Treasury/6239088.html